AUSTIN — La Corsha Restaurant Partners of Austin are developing two restaurants, Congress and Second Congress, at The Austonian in Austin. The properties will be located at corner retail space at the intersection of Congress Avenue and Second Street. STG Design is providing architecture services, and Amber Lewis Design is handling interior design. The restaurants are expected to open later this year.
KINGWOOD, TEXAS — Capital One has sold the 250-unit Harbor View Apartments out of foreclosure to a joint venture between Asset Plus Cos. and investors advised by J.P. Morgan Asset Management for an undisclosed amount. The four-story, Class A complex is located in Kingwood.
HOUSTON — GDF SUEZ Energy North America has signed a 127,673-square-foot lease renewal with Crescent POC Investors for space in Three Post Oak Central in Houston. The 420,000-square-foot office tower is located at 1990 Post Oak Blvd. in the Galleria submarket. Harry Holmes, II, of Newmark Knight Frank represented the tenant. Crescent Real Estate's Eric Siegrist and CAPSTAR Commercial Real Estate represented the landlord.
GARLAND, TEXAS — Northwestern Mutual Life Insurance Co. has renewed leases totaling 113,790 square feet with two tenants in the Gateway East Business Center in Garland. Bearcom Operating signed a 91,200-square-foot flex renewal at 4009 Distribution Drive. The tenant represented itself in the transaction. M Solutions signed a 22,590-square-foot lease renewal for flex space at 4002 W. Miller Road. David Little Real Estate Co. represented the tenant. Susan Singer and Chris Stout of Bradford Commercial Real Estate Services represented the landlord in both transactions.
MCKINNEY, TEXAS — KDC has been selected to construct a $12 to $15 million office complex for the remote-controlled car manufacturer Traxxas at the Craig Ranch employment district in McKinney. The 160,000-square-foot to 200,000-square-foot property will be located at the intersection of Sam Rayburn SH121 Tollway and Stacy Road. The facility, which will contain a retail component, will initially house 100 workers, and fifty more will be added by 2013. Delivery is slated for the end of 2011.
SAN ANTONIO — NDS Construction will soon break ground on the first phase of a new Noah's Ark Self Storage & RV Storage location at the intersection of FM 1516 and IH 10 in San Antonio. The facility will contain temperature-controlled units, fully enclosed RV and boat storage, and a secured digital surveillance system. Regular storage units are offered in sizes from 25 square feet to 300 square feet.
GRAND PRAIRIE, TEXAS — TFP1 1159 has sold a 15,064-square-foot warehouse to D&R Ward Properties for an undisclosed amount. The property is located at 1159 113th St. in Grand Prairie. Donnie Rohde and Mark Graybill of Lee & Associates represented the seller. Brett Heinen of Henry S. Miller Brokerage represented the buyer.
FORT WORTH, TEXAS — ConAgra Grocery Products Co. has sold a 211,743-square-foot warehouse to Allen's Inc. for an undisclosed amount. The property is located at 1734 E. El Paso St. in Fort Worth. CB Richard Ellis' David Sours, Kevin Kelly, Tim Vogds and Bob Scully represented the seller.
DALLAS — A 30,770-square-foot Best Buy store will open in a former Circuit City location this August in Dallas. The space is in Prestonwood Town Center, which is located at the intersection of Beltline Road and Montfort Drive. Prestonwood also houses Barnes & Noble, PETCO, Office Depot, Michael's and Walmart. The Woodmont Co.'s Susan Ridley represented Best Buy in negotiations. Mark Reeder and Mark Newman of SRS Real Estate Partners represented the landlord.
BURLESON, TEXAS — Marcus & Millichap has brokered the sale of the 4,921-square-foot Christian Brothers Automotive store between two private parties for an undisclosed amount. The brand-new property, which is located at 350 NW John Jones Drive, is leased to the tenant for 15 years. The firm's John Erthein and Mark Thiel represented the buyer. Jason Vitorino and Philip Levy of the firm's Dallas office represented the seller.